NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 Class of Shares : Ordinary Shares No. of Issued Ordinary Shares : 909,301,330 No. of Issued Ordinary Shares : 906,901,330 (excluding Treasury Shares) No. of Treasury Shares : 2 ,400,000 (representing 0.26% of the total number of issued shares, excluding treasury shares) No. of Subsidiary Holdings# : Nil Voting Rights : One vote for one Ordinary Share. T he Company cannot exercise any voting rights in respect of the shares held as treasury shares. Subject to the Companies Act 1967, subsidiaries cannot exercise any voting rights in respect of shares held by them as subsidiary holdings#. Range of Ordinary Shareholdings No. of Ordinary Shareholders % No. of Ordinary Shares % 1 – 99 251 1.41 8,176 0.00 100 – 1,000 6,840 38.43 5,318,693 0.59 1,001 – 10,000 9,331 52.42 34,143,841 3.76 10,001 – 1,000,000 1,353 7.60 47,239,191 5.21 1,000,001 and above 25 0.14 820,191,429 90.44 17,800 100.00 906,901,330 100.00 Based on information available to the Company as at 3 March 2023, approximately 51.31% of the issued Ordinary Shares (excluding treasury shares) is held by the public, and accordingly, Rule 723 of the Listing Manual of Singapore Exchange Securities Trading Limited has been complied with. MAJOR ORDINARY SHAREHOLDERS LIST – TOP 20 AS AT 3 MARCH 2023 No. Name No. of Ordinary Shares Held %* 1 Hong Leong Investment Holdings Pte. Ltd. 168,714,256 18.60 2 Hong Leong Holdings Limited 148,787,477 16.41 3 Citibank Nominees Singapore Pte Ltd 128,278,452 14.15 4 Raffles Nominees (Pte.) Limited 70,458,681 7.77 5 HSBC (Singapore) Nominees Pte Ltd 51,595,743 5.69 6 DBSN Services Pte Ltd 42,784,287 4.72 7 Hong Realty (Private) Limited 34,457,782 3.80 8 DBS Nominees Pte Ltd 23,228,329 2.56 9 BNP Paribas Nominees Singapore Pte Ltd 21,719,091 2.39 10 Maybank Securities Pte. Ltd. 20,589,682 2.27 11 Garden Estates (Pte.) Limited 20,484,365 2.26 12 Euroform (S) Pte. Limited 19,603,045 2.16 13 Hong Leong Corporation Holdings Pte Ltd 18,584,760 2.05 14 Gordon Properties Pte. Limited 9,304,616 1.03 15 Hong Leong Enterprises Pte Ltd 8,524,530 0.94 16 Interfab Private Limited 5,648,781 0.62 17 BPSS Nominees Singapore (Pte.) Ltd. 4,766,485 0.53 18 Hong Leong Foundation 4,301,106 0.47 19 United Overseas Bank Nominees Pte Ltd 4,101,632 0.45 20 Abbottin Properties Pte Ltd 3,729,188 0.41 TOTAL 809,662,288 89.28 # “Subsidiary Holdings” is defined in the Listing Manual of Singapore Exchange Securities Trading Limited to mean shares referred to in Sections 21(4), 21(4B), 21(6A) and 21(6C) of the Companies Act 1967. * The percentage of Ordinary Shares held is based on the total number of issued Ordinary Shares, excluding treasury shares as at 3 March 2023. STATISTICS OF ORDINARY SHAREHOLDINGS AS AT 3 MARCH 2023 47 COMPARATIVE INFORMATION (CONT’D) Summary of quantitative impact (cont’d) Group As previously reported Adjustments As restated $’000 $’000 $’000 Consolidated statement of comprehensive income Year ended 31 December 2021 Profit for the year 139,839 (12,944) 126,895 Other comprehensive income Items that will not be reclassified to profit or loss 8,000 – 8,000 Items that are or may be reclassified subsequently to profit or loss: – Translation differences arising on consolidation of foreign operations (18,698) 187 (18,511) – Others 5,247 – 5,247 (13,451) 187 (13,264) Total other comprehensive income for the year, net of tax (5,451) 187 (5,264) Total comprehensive income for the year 134,388 (12,757) 121,631 Total comprehensive income attributable to: – Owners of the Company 50,010 (12,757) 37,253 – Non-controlling interests 84,378 – 84,378 Total comprehensive income for the year 134,388 (12,757) 121,631 Consolidated statement of cash flows Year ended 31 December 2021 Profit for the year 139,839 (12,944) 126,895 Depreciation and amortisation 277,545 7,464 285,009 Reversal of impairment loss on property, plant and equipment and investment properties (net) (98,791) 5,480 (93,311) There is no impact on the Company’s statement of financial position as at 31 December 2021. There is also no impact to the statements of financial position of the Group and the Company as at 1 January 2021. CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 272 273 OTHER INFORMATION
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